MRV Communications (MRVC) opinions? Message Board

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Technology Stocks : MRV Communications (MRVC) opinions?

MRVC 9.975

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Aug 15 5:00 PM EST

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To: jay silberman who wrote (1033)	12/7/1996 11:14:00 AM
From: Janice Shell	of 42804

Jay-- Thanks for posting the IBD article: my thoughts exactly. Up to a point, at any rate. If the Fed (the whole FOMC, not just Unk) decided to raise or lower interest rates, a decision which is within their purview, that's a clear statement, to which the markets will react as they deem fit. What I object to is the kind of statement Unk made the other night: imprecise, unclear, but vaguely menacing. And by the time second-guessers all over the world get through with it (I shudder to think what happens when he's mistranslated, which I don't doubt occurs frequently) who knows whether their interpretation(s) have anything to do with what he originally meant. Why should we have to approach the utterances of a central banker as if they were linear b or Etruscan or something? I think it may also be debated whether his role should properly extend to this kind of interference in the equities markets (though I assume that when he said "market" he also meant the credit markets; for all I know he may only have meant the credit markets, though I doubt it). I'm inclined to find this approach a bit paternalistic (which is why I call him "Unk"). Janice

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